Alberta Investment Management Corp Decreases Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Alberta Investment Management Corp trimmed its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,236,573 shares of the Wireless communications provider's stock after selling 35,652 shares during the quarter. Alberta Investment Management Corp owned about 0.23% of Rogers Communications worth $37,995,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RCI. Creative Planning increased its holdings in Rogers Communications by 2.2% in the 3rd quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider's stock worth $896,000 after buying an additional 486 shares in the last quarter. Vest Financial LLC increased its holdings in Rogers Communications by 26.2% in the 3rd quarter. Vest Financial LLC now owns 15,463 shares of the Wireless communications provider's stock worth $622,000 after buying an additional 3,213 shares in the last quarter. Signaturefd LLC increased its holdings in Rogers Communications by 11.1% in the 3rd quarter. Signaturefd LLC now owns 6,627 shares of the Wireless communications provider's stock worth $266,000 after buying an additional 664 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in Rogers Communications by 1.7% in the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 244,353 shares of the Wireless communications provider's stock worth $9,742,000 after buying an additional 3,971 shares in the last quarter. Finally, Cromwell Holdings LLC bought a new stake in shares of Rogers Communications during the 3rd quarter valued at about $31,000. 45.49% of the stock is currently owned by institutional investors.

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Rogers Communications Stock Performance

Shares of NYSE:RCI traded up $0.15 during mid-day trading on Friday, reaching $28.19. 964,511 shares of the company traded hands, compared to its average volume of 1,212,691. The company's 50 day moving average price is $29.12 and its 200-day moving average price is $35.04. The firm has a market cap of $15.06 billion, a PE ratio of 12.15, a PEG ratio of 1.43 and a beta of 0.68. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. Rogers Communications Inc. has a 52 week low of $26.57 and a 52 week high of $45.93.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. On average, equities analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be issued a $0.347 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a yield of 4.92%. Rogers Communications's dividend payout ratio is presently 59.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RCI shares. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Morgan Stanley started coverage on Rogers Communications in a research note on Monday, December 16th. They set an "underweight" rating for the company. Finally, Barclays restated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $61.75.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.